How much house $1 million buys you in Salem
The number of American houses worth $1 million is at an all-time high, as home prices continue to hit new records.
While million-dollar homes are out of reach for the vast majority of Americans, they are no longer just being bought and sold by the ultra-wealthy. In San Francisco, the median-priced home sells for more than $1.6 million – far above the national median of $441,000. Meanwhile, in Detroit, $1 million listings are rare.
Today, there are only seven major metros where a luxury home — valued in the top 5% of homes — costs less than $1 million, compared to 30 just five years ago.
"The $1 million mark used to signal true luxury; now, in many parts of the country, it simply means the price of a typical home," said Jonathan Huffer, a Redfin Premier agent specializing in luxury properties in Palm Beach, Florida. "It's a reflection of how dramatically home prices have risen, especially in coastal markets where million-dollar listings have become the norm rather than the exception."
So, are you wondering what $1 million buys in today's market? Redfin Real Estate pulled from its listings to see how far it goes in Salem. Listings between $500,000 and $1,000,000 were included.
3731 Vitae Springs Rd, Salem
- Price: $999,999
- 3 bedrooms, 3 bathrooms
- Square feet: 2,170
- Price per square foot: $460
- See 3731 Vitae Springs Rd, Salem on Redfin.com
6497 Mahalo Dr, Salem
- Price: $995,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,726
- Price per square foot: $365
- See 6497 Mahalo Dr, Salem on Redfin.com
6646 River Springs Dr S, Salem
- Price: $989,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,507
- Price per square foot: $394
- See 6646 River Springs Dr S, Salem on Redfin.com
3375 Eagle Crest Rd NW, Salem
- Price: $985,800
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,232
- Price per square foot: $305
- See 3375 Eagle Crest Rd NW, Salem on Redfin.com
7780 Alexa Ln SE, Salem
- Price: $970,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,438
- Price per square foot: $397
- See 7780 Alexa Ln SE, Salem on Redfin.com
620 Inverness Ct, Salem
- Price: $957,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 3,326
- Price per square foot: $287
- See 620 Inverness Ct, Salem on Redfin.com
410 50th Ave NW, Salem
- Price: $952,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,689
- Price per square foot: $354
- See 410 50th Ave NW, Salem on Redfin.com
1866 Merritt St S, Salem
- Price: $949,900
- 4 bedrooms, 4 bathrooms
- Square feet: 4,359
- Price per square foot: $217
- See 1866 Merritt St S, Salem on Redfin.com
7511 Skyline Rd S, Salem
- Price: $935,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,249
- Price per square foot: $288
- See 7511 Skyline Rd S, Salem on Redfin.com
3904 Viewcrest Rd S, Salem
- Price: $925,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,961
- Price per square foot: $312
- See 3904 Viewcrest Rd S, Salem on Redfin.com
825 Kingwood Dr NW, Salem
- Price: $900,000
- 3 bedrooms, 4 bathrooms
- Square feet: 3,332
- Price per square foot: $270
- See 825 Kingwood Dr NW, Salem on Redfin.com
4204 Riverdale Rd, Salem
- Price: $900,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,742
- Price per square foot: $516
- See 4204 Riverdale Rd, Salem on Redfin.com
1380 Ranier Loop NW, Salem
- Price: $899,500
- 4 bedrooms, 3 bathrooms
- Square feet: 2,817
- Price per square foot: $319
- See 1380 Ranier Loop NW, Salem on Redfin.com
3475 Cascade Pl SE, Salem
- Price: $899,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,644
- Price per square foot: $546
- See 3475 Cascade Pl SE, Salem on Redfin.com
460 Bush St SE, Salem
- Price: $895,000
- 6 bedrooms, 4.5 bathrooms
- Square feet: 4,034
- Price per square foot: $221
- See 460 Bush St SE, Salem on Redfin.com
918 Hazeltine Ave SE, Salem
- Price: $895,000
- 3 bedrooms, 3 bathrooms
- Square feet: 4,019
- Price per square foot: $222
- See 918 Hazeltine Ave SE, Salem on Redfin.com
190 S Oak Grove Rd, Salem
- Price: $880,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 3,266
- Price per square foot: $269
- See 190 S Oak Grove Rd, Salem on Redfin.com
2102 78th Ave SE, Salem
- Price: $879,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,862
- Price per square foot: $472
- See 2102 78th Ave SE, Salem on Redfin.com
4298 River Rd S, Salem
- Price: $875,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,957
- Price per square foot: $447
- See 4298 River Rd S, Salem on Redfin.com
8690 Aumsville Hwy, Salem
- Price: $859,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,026
- Price per square foot: $424
- See 8690 Aumsville Hwy, Salem on Redfin.com
4072 Dornach Ln, Salem
- Price: $856,450
- 2 bedrooms, 2.5 bathrooms
- Square feet: 2,129
- Price per square foot: $402
- See 4072 Dornach Ln, Salem on Redfin.com
3368 Championship Dr S, Salem
- Price: $850,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,360
- Price per square foot: $360
- See 3368 Championship Dr S, Salem on Redfin.com
5615 Macleay Rd, Salem
- Price: $850,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,716
- Price per square foot: $495
- See 5615 Macleay Rd, Salem on Redfin.com
3570 Eola Dr NW, Salem
- Price: $849,900
- 4 bedrooms, 4 bathrooms
- Square feet: 2,843
- Price per square foot: $298
- See 3570 Eola Dr NW, Salem on Redfin.com
6147 Quail Hollow St, Salem
- Price: $849,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,439
- Price per square foot: $246
- See 6147 Quail Hollow St, Salem on Redfin.com
2420 Lincoln Rd NW, Salem
- Price: $840,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,700
- Price per square foot: $494
- See 2420 Lincoln Rd NW, Salem on Redfin.com
1637 Ptarmigan St NW, Salem
- Price: $839,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,835
- Price per square foot: $219
- See 1637 Ptarmigan St NW, Salem on Redfin.com
2111 Celeen Ave, Salem
- Price: $839,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,018
- Price per square foot: $278
- See 2111 Celeen Ave, Salem on Redfin.com
5027 Charleston Dr SE, Salem
- Price: $835,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,488
- Price per square foot: $335
- See 5027 Charleston Dr SE, Salem on Redfin.com
3302 Felton St S, Salem
- Price: $830,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,397
- Price per square foot: $346
- See 3302 Felton St S, Salem on Redfin.com
$1 million dollar homes in major cities around the country
215 W Illinois St Unit 2B-2C, Chicago
- Price: $1,000,000
- 3 bedrooms, 3 bathrooms
- Square feet: 4,396
- Price per square foot: $227
- See 215 W Illinois St Unit 2B-2C, Chicago on Redfin.com
5435 Preston Fairways Cir, Dallas
- Price: $1,000,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 4,392
- Price per square foot: $227
- See 5435 Preston Fairways Cir, Dallas on Redfin.com
2956 W Avenue 35, Los Angeles
- Price: $1,000,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,662
- Price per square foot: $601
- See 2956 W Avenue 35, Los Angeles on Redfin.com
6049 SW 165th Ave, Miami
- Price: $1,000,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,153
- Price per square foot: $317
- See 6049 SW 165th Ave, Miami on Redfin.com
206 E 95th St Unit 12B, New York City
- Price: $1,000,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,001
- Price per square foot: $999
- See 206 E 95th St Unit 12B, New York City on Redfin.com
3070 61st Ave SW, Seattle
- Price: $1,000,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,670
- Price per square foot: $598
- See 3070 61st Ave SW, Seattle on Redfin.com
